Gemina soars, Ferrovial also leads European airports’ strong performance, Chinese airports down

Shares in European airports were generally higher in trading yesterday, led by Italy’s Gemina, parent of Rome Airport operator, Aeroporti di Roma (AdR), which soared 9.2%.

The jump comes amid reports that its largest shareholder, Investimenti Infrastrutture, is considering another capital increase, aimed at cutting its debt and focusing on the re-launch of AdR.

Shares in Ferrovial, parent of the UK’s BAA, rose 4.7% yesterday, leading a strong day for European airport shares. Germany’s Fraport gained 1.8%, following the release of its Aug-2009 traffic results:

  • Passenger numbers: 7.8 million, -2.3% year-on-year;
  • Cargo volume: 181,624 tonnes, -5.1%;
  • Aircraft movements: 63,567, -4.2%;

Going against the trend was Vienna Airport, which closed down 4.3%.

Meanwhile, in the Asia Pacific region, Chinese airports mostly traded down yesterday, led by Beijing (-3.6%), Shanghai (-2.8%) and Shenzhen and Guangzhou, both down 2.6%.

Selected airports daily share price movements (% change): 28-Sep-2009